Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Rubio meets with Zelenskyy ahead of crucial Geneva...
Rubio meets with Zelenskyy ahead of crucial Geneva...
AG Pam Bondi announces ‘all’ Epstein files have...
Rubio defends US operation in Venezuela, calls out...
Waltz calls UN a ‘cesspool for antisemitism’ as...
Trump announces $5 billion pledge in Gaza aid...
The one sentence in Rubio’s Munich speech that...
Doctors Without Borders reduces operations at Gaza hospital...
Editor’s Picks: Gold, Silver Prices Dip and Bounce...
Texas Dem Senate primary fractures over race rhetoric...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Business

Boeing ‘disappointed’ customers but is on the path to ‘transformational change,’ CEO says

by admin July 23, 2024
July 23, 2024
Boeing ‘disappointed’ customers but is on the path to ‘transformational change,’ CEO says

LONDON — Boeing’s output of 737 Max planes is showing signs of improvement, the new head of its commercial unit said ahead of a major air show on Sunday, while admitting that the manufacturer has “disappointed” customers with delayed planes.

Boeing is trying to get past several safety and manufacturing crises, including the midair door plug blow out in January, which have slowed deliveries of planes to airlines and prompted the Federal Aviation Administration to increase its oversight of the storied manufacturer.

Stephanie Pope, in her first news conference since taking over the key role at the troubled aircraft manufacturer in March, reiterated that Boeing has committed to increasing production of the Max to 38 a month. Production slipped into the mid-20s per month in the first half of the year, analysts have said.

Pope said Boeing is on the right path to improving its manufacturing quality, safety and predictability of deliveries, a “transformational change” that she said will take years.

“It still doesn’t take away the reality that we’ve disappointed” our customers, she said at a press conference before the Farnborough Airshow, outside of London. “We’ve impacted their business and we haven’t met the commitments and lived up to being the partner that they expect and they need us to be.”

Boeing has unveiled a host of goals aimed at getting it back on the right path, like improving worker training and manufacturing processes, among others. In the spring it delivered an improvement plan to the FAA that the agency ordered after the blowout in January.

“This plan is not a three month plan,” said Pope. “I call it transformational because some of these actions will take years.”

As part of the leadership shakeup that promoted Pope to head the commercial unit, Boeing’s CEO Dave Calhoun said he would step down by year’s end.

When asked whether she was interested in the role, Pope said she is focused on the commercial unit’s recovery.

“That is my priority,” she said.

Boeing’s problems aren’t limited to its commercial program, however. Its defense unit has also been grappling with delays, including of the money-losing and delayed modification of two Boeing 747s that will serve as the next two Air Force One aircraft.

The CEO of that unit, Ted Colbert, said Boeing continues “to fight through some of the challenges that really stemmed from challenges in the supply chain.”

Boeing reports quarterly results on July 31 and is set to report charges from that unit, Colbert said at the same news conference.

This post appeared first on NBC NEWS

previous post
McDonald’s to extend $5 value meal in most U.S. markets as diners return to chain
next post
Household savings are thinning. Here’s how to put money back in your pocket.

You may also like

Markets are counting on the Fed to head...

August 8, 2024

Campbell’s fires executive accused of racist remarks and...

November 29, 2025

Meta is finally bringing ads to WhatsApp

June 17, 2025

Walmart employees are now wearing body cameras in...

December 18, 2024

Disney to pay $10 million to settle FTC...

September 4, 2025

Trump Media shares sink to new post-merger low...

September 13, 2024

Tesla reports 336,000 vehicle deliveries in first quarter,...

April 3, 2025

Recalled cucumbers linked to at least 449 illnesses...

August 17, 2024

Dockworkers on East and Gulf Coast to return...

October 6, 2024

Rite Aid files for second bankruptcy in two...

May 6, 2025

Recent Posts

  • Rubio meets with Zelenskyy ahead of crucial Geneva talks as he says Trump wants solution that ‘ends bloodshed’
  • Rubio meets with Zelenskyy ahead of crucial Geneva talks, says Trump wants solution that ‘ends bloodshed’
  • AG Pam Bondi announces ‘all’ Epstein files have been released, listing over 300 high-profile names
  • Rubio defends US operation in Venezuela, calls out reporter for trying to start a fight
  • Waltz calls UN a ‘cesspool for antisemitism’ as Trump administration pushes major reforms

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (976)
    • Investing (4,115)
    • Politics (4,965)
    • Stock (4)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2026 Sightful Invest. All Rights Reserved.